Minnesota HF1989 increases local optional revenue for school districts and appropriates funds.

Minnesota HF1989 amends local optional revenue calculations for school districts, increasing the revenue for fiscal years 2025 through 2027 and setting a formula for subsequent years. It also appropriates funds from the general fund to the Department of Education. The bill adjusts the local optional revenue based on the district's referendum market value per resident pupil unit and the equalizing factor. It specifies the local optional levy limits and the local optional aid calculation.

Minnesota HF1989 increases local optional revenue for school districts and appropriates funds.

Minnesota HF1989 amends local optional revenue calculations for school districts, increasing the revenue for fiscal years 2025 through 2027 and setting a formula for subsequent years. It also appropriates funds from the general fund to the Department of Education. The bill adjusts the local optional revenue based on the district's referendum market value per resident pupil unit and the equalizing factor. It specifies the local optional levy limits and the local optional aid calculation.